A heterogeneous boundedly rational expectation model for housing market

DOI10.1007/S10483-009-1010-1zbMath1180.91140OpenAlexW1987357978MaRDI QIDQ1047297

Wing Shum Tsui, Andrew Y. T. Leung, Jia-Na Xu

Publication date: 4 January 2010

Published in: Applied Mathematics and Mechanics. (English Edition) (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10483-009-1010-1

zbMATH Keywords

heterogeneous expectationsevolutionary systemhousing price dynamics

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Heterogeneous agent models (91B69)

Cites Work

• Evolutionary dynamics in markets with many trader types
• A robust rational route to randomness in a simple asset pricing model
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Heterogeneous beliefs and the non-linear cobweb model
• EVOLUTION AND TIME HORIZONS IN AN AGENT-BASED STOCK MARKET
• Agent-based computer simulation of dichotomous economic growth

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